Industry Super Australia (ISA) welcomes the Victorian Government's record $5.3 billion investment in social housing.
The Andrews Government five-year investment will provide homes to many Victorians in need and jobs for workers who have been impacted by COVID-19 and the state's lockdowns.
The Andrews Government should be congratulated for recognising that there exists a unique opportunity for government stimulus spending to not only create jobs but to address areas of social need.
ISA is part of the National Affordable Housing Alliance (NAHA)- a coalition anti-poverty groups, construction bodies, unions and super funds, who want to lift construction of community and social housing.
The group collectively advocates for a commitment by all governments to the long-term funding of social and affordable housing in Australia.
The shortfall of community and social housing is widening and by 2036 is set to reach 1 million properties nationally.
The best way to address the national social and community housing shortfall is through a co-ordinated national plan and close co-operation between all levels of government.
ISA has had discussion with several governments on policies that would help unlock institutional investment in social and affordable housing and has written a paper discussing solutions to Australia's affordable housing problem: https://www.industrysuper.com/media/fixing-affordable-housing-in-nsw-and-beyond/
ISA looks forward to continuing to work with governments, housing providers, anti-poverty groups to develop policies and programs that will help address the 30-year under-investment in affordable and social housing stock.
